Mihai_Iacob

EurUsd to resume its downtrend

Short
Mihai_Iacob Updated   
OANDA:EURUSD   Euro / U.S. Dollar
As I expected and said multiple times, EurUsd reached parity and after the short-lived dip under in mid-July, the pair has started to reverse.
However, this rise is corrective in nature and now the pair is facing a strong confluence resistance given by the downwards channel's resistance and the horizontal one.
I remain very bearish on this pair and still expect a clear drop under parity.
Sell rallies in this resistance is my strategy

Comment:
Eur is very, very weak.
It can t even reach 1.03 resistance...

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